Do you really think FMG will buy FDL without a proven resource?
WHat if the fisrt pass of drilling says it's only 2 meters thick?
Whay did FMG not grab the tenament when they secured the others?
So, you wanna buy us out? Well, we think it might have 300MT, then again, might have 50? or maybe it's jsy 2 meters thick and its 5MT.
Until a resource is in place it's fantasy.
If FMG did buy it, they'd want to get it at a price where they would be the winners if it actually proved up a decent resource.
That's how they do business.
And your management would be all too happy to sell it to them for say another 8 mill.
My guess is the managment will want to carry on with the diamond hunting, and probably just sell the iron ore rights for another 8 million, so they can fund their true passion, the diamonds.
FDL
flinders diamonds limited
